Sundaram Finance dips nearly 3% as stocks turn ex-dividend

Shares of Sundaram Finance fell nearly 3 per cent on the Bombay stock Exchange prices on turning ex-dividend today. Ex-dividend date is the date on or after which a share is traded without a previously declared dividend.

Weighed down by the development, shares of the company declined as much as 2.71 per cent to hit an intra-day low of Rs 1610.00 apiece on the Bombay Stock Exchange. Th